DroneShield Shares Surge 12% on AU$32Mn Defence Contract Win

Mon 14 Apr 25, 02:56 AM | Team Kalkine

Highlights:

DroneShield shares jump 12.4% on AU$32.2 million contract win from Asia Pacific military customer.

Contract includes vehicle-mounted and fixed counter-drone systems to be delivered in Q2 and Q3 2025.

Year-to-date, DroneShield shares are up 33%, reflecting growing demand for its defence technologies.

Shares of DroneShield Ltd (ASX:DRO) soared 12.4% in morning trade on Monday, after the drone defence specialist announced a major new defence contract worth AU$32.2 million. The stock is now trading at AU$1.00, up from 89 cents at Friday’s close, outpacing the broader ASX 300 Index, which is up 0.5%.

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